$1.7 Billion Investment Planned for Ceyhan

1.7 Billion Dollar Investment Planned for Ceyhan According to an announcement from Rönesans Holding, the facility, whose foundation was laid by President Erdoğan and which will operate on 62 hectares in Ceyhan Industrial Zone, will be realized with an investment of approximately 1.7 billion dollars. The facility will meet its fuel needs using hydrogen produced in-house, source a substantial portion of its electricity needs from Rönesans hydroelectric power plants, and approximately 80 percent of total energy requirements will be met from renewable energy sources. At the facility, which will be Turkey's largest investment in this field, the country's annual polypropylene production capacity is targeted to increase threefold and replace 20 percent of total imports. The Ceyhan Polypropylene Production Facility, which will have a total production capacity of 450,000 tonnes annually and is expected to commence operations in 2025, is expected to provide a net positive contribution to Turkey's foreign trade balance at the level of 250 million dollars annually.

Project Will Be a Strong Partnership

The project, which counts Algeria's national energy company Sonatrach among its main partners, will utilize the most up-to-date technology infrastructure. Sonatrach will supply approximately 550,000 tonnes of feedstock annually until 2040. US-based UOP Honeywell and Dutch LyondellBasell will be technology licensors for the project. Development of engineering solutions during the construction process, procurement and construction activities will be carried out through a partnership between Rönesans and Spanish engineering firm Tecnicas Reunidas. To ensure effective distribution of products to all companies in the Turkish market, a partnership will be established with Belgium-based Ravago, which reaches 50,000 customers in 55 countries. For management of operation and maintenance services during the construction and operational phases and ensuring sustainable production, French company SPIE, which provides services to petrochemical facilities in 27 countries, will be engaged. In addition to the polypropylene production facility, a joint investment will be made with Stolt-Nielsen group, one of Norway's established firms, to efficiently provide liquid bulk storage and terminal services to the region. Furthermore, the Ceyhan Petrochemical Industrial Zone, which will be built on approximately 1,300 hectares, will be in a highly advantageous position in terms of cost and time management due to its proximity to Turkey's major ports and regions with the highest petrochemical feedstock demand.